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Mylan Laboratories acquires Penederm in all-stock transaction

Executive Summary

Mylan Laboratories has acquired Penederm for stock. Penederm shareholders get 0.68 share of Mylan for each share held. The agreement is valued at about $205mm based on Mylan's recent closing price on June 23, 1998.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Drug Delivery
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Stock

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